‘Investment policies must align with net-zero goals’
An alliance of public and private sectors is crucial for advancing the green agenda and effectively managing supply chain emissions,...Economy Climate Change
PIF sets up agri and ecotourism firm Dan Company
RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) announced on Monday the establishment of Dan Company, specializing in agritourism...Business Economy Tourism
Egypt eyes $1bn investments as Africa Finance Corporation member
Egypt, the most populous nation in North Africa, has already seen some investments from the AFC.Founded in 2007, the AFC is dedicated to investing in private sector infrastructure projects across Africa
It is said to have invested $8.7 billion in projects in 35 African nations since its establishment
IMF’s SDR allocation to benefit rich MENA nations
The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves.The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves
SDR allocations will help most vulnerable countries struggling to cope with the impact of the COVID-19 crisis
Lebanon finally launches cash subsidy cards
Lebanon’s caretaker minister of social affairs announced the cash cards on Thursday, saying they would benefit 500,000 families.The total cash payments to be made amount to $556 million
The figure was approved by the authorities in June
Egypt’s inflation leaps up to 5.7 percent in August
Egypt's annual urban consumer price inflation rose to 5.7 percent in August, up from 5.4 percent in July, official statistics...Egypt's annual urban consumer price inflation rose to 5.7 percent in August
Food inflation was the key driver jumping from 4.9 percent y/y in July to 6.6 percent y/y in August, the highest for two years
GCC in hot pursuit of 2050 emission goals
The GCC nations are looking at the $500-billion market for Green Hydrogen by 2050, but will it be enough?IRENA says GCC countries need to invest up to $148 billion each year until 2050 to meet the goals of the Paris agreement
DNV expects clean-energy expenditure to increase by around 70 percent between 2019 and 2030 to $1.9tn
Iran mulls preferential trade agreement with Lebanon
The director-general of the Iranian Trade Promotion Organization’s Office of Arabian and African Countries has said Iran is in talks...Lebanon is currently suffering under one of the world’s worst economic crises since the mid-1800s
The situation is such that senior economist Nasser Saidi has said hyperinflation is imminent in the country
Two decades after 9/11, Saudi Arabia seeks economic reform, softer image
Women can drive and cinemas have reopened in the "new" Saudi Arabia under crown prince and de facto ruler Mohammed...Women can drive and cinemas have reopened in the "new" Saudi Arabia under crown prince and de facto ruler Mohammed bin Salman
MBS as crown prince is called, has brought a string of economic, social and religious changes
HNWIs drive up luxury car sales in Gulf region
Being home to most of the high net-worth individuals in the Middle East, Saudi Arabia, the UAE and Qatar are...Porsche Middle East and Africa’s successful implementation of new retail strategy helps in achieving the targets in Q1 2021.
GCC governments are committed to increasing sustainability by reducing carbon emissions.
Bitcoin in El Salvador: How will it work?
Bitcoins are loaded onto digital wallets and accessed via a mobile app. To download the wallet, one needs a Salvadoran...Bitcoins are loaded onto digital wallets and accessed via a mobile app. To download the wallet, one needs a Salvadoran ID document
To draw or deposit cash (in dollars), the government has erected 200 Chivo automatic teller machines countrywide
UAE, Qatar least hit by graft in MENA region: Survey
Across the MENA region, years of corruption has left countries woefully unprepared to face the COVID-19 pandemicAcross the MENA region, years of corruption has left countries woefully unprepared to face the COVID-19 pandemic
In terms of performance, the UAE and Qatar are the top regional performers on the CPI with scores of 71 and 63 out of 100 respectively
